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Euronext breidt spotlight opties segment uit met opties op Grandvision N.V.

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Spotlight options on Altice S.A. promoted to standard segment, obtaining longer maturities

Amsterdam -  2 April 2015 – Euronext has expanded its Spotlight options offering with options on GrandVision N.V.. The new products follow the company’s successful IPO on Euronext Amsterdam in February and are available for trading on the Amsterdam market with immediate effect. The contracts will have short-term maturities of one, two and three months.

In addition, Euronext intends to promote the existing Spotlight option class Altice S.A. to the standard options segment as of 1 May 2015. The lifetime of these contracts will therefore be extended to 12 months. On 1 May, the September 2015, December 2015 and March 2016 expiry months will be added. The extension to longer maturities follows the lively trading in this option class. Since the successful launch of the Spotlight options on Altice S.A. in July 2014 almost 23,000 contracts have been traded.

Spotlight options are a special segment on the derivatives markets of Euronext Amsterdam and Euronext Brussels, dedicated to the development of new option classes requested by market participants. The Spotlight options on Euronext-listed underlying values have short-term maturities. The added liquidity and visibility will allow the classes to grow to become mature option classes. If these option classes take root, additional maturities will be introduced.

Adam Rose, Head of Financial Derivatives at Euronext: “It’s great to announce the expansion of our Spotlight segment with GrandVision options as well as the additional maturities of the Altice contracts, providing investors with new trading opportunities. We’re constantly adapting our product offering to the needs of the market, in order to serve our customers in the best possible way.We will keep on increasing this segment by introducing Spotlight options on other geographies and asset classes, responding to market demand.”

The Spotlight segment of Euronext now has 15 option classes available for trading. Spotlight options give more visibility to underlying assets such as newly listed stocks and medium and smaller sized companies through a unique combination of liquidity provider support and promotion by sponsoring brokers. Liquidity in the GrandVision options will be supported by Caerus and Susquehanna International Securities who will act as a Liquidity Providers.

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Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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